24 August 2022 | Other

Pfizer seeks U.S. approval of updated booster against Omicron strains

Pfizer Inc and its German partner BioNTech announced that they have submitted a request to the U.S. FDA for approval of an updated vaccine against COVID-19. It is known that the vaccine is aimed at protecting against the latest Omicron variants. The company is ready to deliver vaccine doses as soon as the FDA approval process is done.

According to a statement from Pfizer representatives, the company plans to deliver doses of COVID-19 vaccine as early as September. Earlier, it reached an agreement with the U.S. authorities to deliver 105 million doses of the vaccine, including Omicron-specific vaccines. The contract was worth $3.2 billion. 

As reported by the Pfizer CEO Albert Burl, by scaling up the production, the company will be prepared to ship the bivalent Omicron BA.4/BA.5 boosters. Meanwhile, the U.S. authorization for the variant-updated vaccine is an important step in this process.

In June, the FDA advised COVID-19 vaccine manufacturers that they should develop vaccines that offer protection against the two subvariants. According to a statement from the FDA, manufacturers will not need to submit clinical trial data, similar to how the flu vaccine is updated each year. 

Company MarketCheese
Period: 20.03.2026 Expectation: 1200 pips
Selling silver with $72 in sight
06 March 2026 34
Period: 31.05.2026 Expectation: 500 pips
EURUSD selloff targets 1.11000
06 March 2026 25
Period: 13.03.2026 Expectation: 1560 pips
GBPUSD eyes key resistance before resuming downtrend
06 March 2026 25
Period: 30.06.2026 Expectation: 14400 pips
Selling silver amid declining production in US and Europe
06 March 2026 20
Brent sell
Period: 13.03.2026 Expectation: 700 pips
Brent's run loses steam as Russian crude reenters market
06 March 2026 45
Period: 12.03.2026 Expectation: 22900 pips
Investing in ETHUSD on pullback before flat trend ends
05 March 2026 49
Go to forecasts